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GOLD CONSIGNMENTS
Gold hallmarking fee hiked by 67%: New BIS charges for gold and silver articles explainedAs part of the recent regulatory changes, hallmarking fees for gold and silver jewellery have been updated. Jewellers will now incur a fee ...- Gold pulled India back from the edge of crisis 35 years agoThirty-five years after India pledged 67 tonnes of gold to avert a balance of payments crisis, the episode remains one of the defining mome...
- Independence Day 2026: A 1968 gold ban that turned every Indian household into an underground vaultIn 1968, the Gold (Control) Act restricted gold ownership and capped jewellery purity at 14 karats to curb imports and conserve foreign exc...
- Rs 2.5 crore in cash seized during probe into cough syrup smuggling racket in West BengalPolice seized approximately 2.5 crore rupees in cash from a Malda flat. This raid followed an investigation into a banned cough syrup smugg...
- TDB denies role in alleged Sabarimala ghee irregularity, says no outside procurement this seasonThe Travancore Devaswom Board president denied any board involvement in ghee supply irregularities. He stated the board decided not to proc...
- India flags off first jewellery export consignment to the UK under landmark India–UK CETAThe inaugural shipment comprises $10 million worth of gold jewellery, diamond jewellery, silver jewellery and platinum jewellery, exported ...
- First commercial consignments valued at $4,46,046 flagged off under CETA from ChennaiIndia and the United Kingdom's CETA agreement officially began on Wednesday. First commercial shipments valued at over USD 446,000 were fla...
- Guwahati: Polices seize nearly 37 kg of suspected smuggled gold worth around Rs 55 croreGuwahati Police have made a massive seizure of nearly 37 kg of suspected smuggled gold, valued at approximately Rs 55 crore, in the Kharghu...
- Gold consignments from South Korea to face strict customs scrutinyThe collections from customs duty and IGST from import of all commodities post the implementation of GST has almost doubled to Rs 30,000 cr...
- Govt promises to look into gold IGST grievance of banks17 nominated banks and 5 agencies import around 5,00,600 tonnes of gold annually.
- GST: Banks may stop gold imports on own accountWorking capital need for banks’ gold consignment business will rise to 13 per cent from 10 per cent
- Siliguri continues to be golden route for gold traffickingAgainst present price of around MMK 541, Eqv. INR 25,800, per 10 Gram of 24 karat gold at Myanmar, it is around INR 30,000 in Indian market.
- 40kg of gold worth Rs 12 crore seized, Noida SEZ exporter arrestedDRI officials conducted searches on multiple locations in the national capital on Monday to track other gold consignments diverted by the e...
- Siliguri surfacing as major illegal international gold trade hubSiliguri with its unique location at the junction of three international borders, is coming out as a preferred hub for international illega...
- Customs suspend DHL licence to operate from Bangalore airportAccording to sources, customs officials at the airport confiscated a consignment ferried by DHL from Singapore to Bangalore as they found g...
- Premium time in gold market as supply hitThough big jewellers are being able to use their money muscle to get hold of the yellow metal, small jewellers have landed in a problem.
- Cheer may be back for gold lovers as premium dips 82%Premium on gold has declined in India by almost 82% to $7 per ounce from as high as $40 per ounce.
- Now, customs moves to blunt gold importsAccording to the existing norm, after importing gold, exporters have the option of realising the payment within 270 days.
- 80% dip in gold imports linked to rampant smugglingIn the last two months alone, Indian agencies have siezed 150 consignments of gold totaling over 500kg at various airports and sea ports.
- RBI puts restrictions on gold imports by banksHigher trade deficit in turn puts pressure on CAD, which has been described as the biggest risk to the Indian economy by the RBI.
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